Savvy spender Sheeran

Ed Sheeran doesn't think music will last forever so is investing his money wisely.

Ed Sheeran is careful with his money as he knows his career could “go to sh*t”.

The red-headed singer is one of the biggest names in music, enjoying success all around the world. While he loves playing sell out gigs and picking up awards left, right and centre, Ed knows it could all end tomorrow. So as a backup plan Ed confesses to being wise with his cash.

“Back in the day managers were crooks, record labels took 50 per cent, whereas now people are savvy,” Ed told Q magazine. "When I signed my deal, my manager who used to work at Atlantic [Records] said, ‘I know the f**king deal you gave to James Blunt last week so you’ll give Ed exactly the same deal because I know you can.’ Before, it was, ‘Record deal, cool, sign!’

“Pop stars nowadays are sensible. Because it doesn’t last. Do your time, earn your money, buy some property and when it all goes to sh*t you’ve got something to fall back on.”

While he still reigns supreme it’s not uncommon to see 23-year-old Ed hobnobbing with fellow A-list stars. He’s close to One Direction’s Harry Styles and also counts Harry’s ex Taylor Swift as a close friend.

As well as bonding over their love of music, Ed and Taylor also share a similar background.

“We were both the uncool kids. Our fanbase is exactly the same. If you look at any big pop person, the girls there, or the boys, are all dressed up, hair done properly. Whereas our gigs, we attract the outsiders, they relate to us the most,” he smiled. “I get kids tuning up to my shows on their own, I was never a lone wolf, I’m a sociable guy, but I’ve always done my own thing. We’re all outsiders who found solace in music.” Copyright: Cover Media 2014